Powell: Fed to keep rates higher for longer to cut inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period.
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period.
Honda Motor Co. will build a fuel cell electric version of its sixth generation CR-V compact crossover starting in 2024.
In addition to using fuel cell technology, which promises quick refueling and generous range, the vehicle will feature a plug that will enable drivers to charge the onboard battery for electricity-powered trips around town.
The Japanese automaker will produce the vehicles at its Performance Manufacturing Center in Marysville, Ohio. Honda did not say how many CR-V fuel cell vehicles it expects to build, but the facility is used for assembling lower-volume products and specialty performance vehicles such as the hybrid Acura NSX supercar, which ceased production there this month.
Honda, the world’s largest maker of gasoline engines, has set an aggressive goal to reach carbon neutrality for its operations and products by 2050, which includes a complete electrification of its vehicle lineup by 2040.
The production of fuel cells in the U.S. will help Honda “further explore their great potential as part of a sustainable transportation future,” Gary Robinson, American Honda Motor Co.’s vice president of auto planning and strategy, said in a statement.
The planned launch of the Origin, designed as a purpose-built automated vehicle, “is a huge unlock” for Cruise because of its lower cost.
Gov. Ron DeSantis revived his feud with the Walt Disney Co. after Fox News host Tucker Carlson brought up the long-simmering battle.
Early data from S&P Global Mobility suggests consumers moving to EVs this year are leaving Toyota and Honda, which are falling behind in the EV transition. The beneficiaries: Tesla, Ford, Hyundai and Chevrolet.